FreedomWorks - House Financial Services Committeehttp://www.freedomworks.org/fieldtags/house-financial-services-committee
enFreedomWorks Supports the Financial CHOICE Acthttp://www.freedomworks.org/content/freedomworks-supports-financial-choice-act
<div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p>FreedomWorks today announced its support of H.R. 5983, the Financial CHOICE Act of 2016 introduced by Rep. Jeb Hensarling (R-Texas). The legislation is expected to be marked up on Tuesday, September 13 by the House Financial Services Committee.</p>
<p>After the 2008 recession, Dodd-Frank raised the barrier to entry so high that many small financial institutions are unable to compete with banks that are too big to fail. The financial crisis was brought on in part by governmental regulation and housing policies. The proper response to such an issue is not more regulations.</p>
<p>In a free market, competition is a must and the market should be allowed to correct itself. Instead, the recession was met by market distortions, an ever-increasing amount of regulations, and the bailout of a number of large financial institutions.</p>
<p>“If signed into law, the bill would end the era of too big to fail, and would move banking and financial decisions away from Beltway and back to Main Street,” said FreedomWorks CEO Adam Brandon. “This bill is balanced, meets key conservative criteria, and should continue to move through the House to final passage.”</p>
<p>The Financial CHOICE Act will end regulations that stifle entrepreneurship and will make it so Wall Street can be held accountable. FreedomWorks supports this legislation and urges its passage.</p>
<p>FreedomWorks aims to educate, build, and mobilize the largest network of activists advocating the principles of smaller government, lower taxes, free markets, personal liberty and the rule of law. For more information, please visit www.FreedomWorks.org or contact Jason Pye at JPye@freedomworks.org.</p>
</div></div></div>Mon, 12 Sep 2016 20:00:22 +0000jpye62797 at http://www.freedomworks.orghttp://www.freedomworks.org/content/freedomworks-supports-financial-choice-act#commentsThe Debt Clock: For Democrats, Out of Sight Means Out of Mindhttp://www.freedomworks.org/content/debt-clock-democrats-out-sight-means-out-mind
<div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p><img src="http://d7.freedomworks.org.s3.amazonaws.com/152453473_b9be4bb5fa.jpg" alt="National Debt Clock" title="National Debt Clock" class="imagecache imagecache-full"></p><p>According to The Daily Caller, Democrat members of the House Financial Services Committee would <a href="http://dailycaller.com/2013/02/26/democrats-complain-about-presence-of-debt-clock-on-capitol-hill/" target="_blank">rather not</a> be faced with the ever-growing national debt when given the opportunity. &nbsp;California Rep. Maxine Waters and Minnesota Rep. Keith Ellison both protested after&nbsp;Committee chairman Jeb Hensarling had two monitors set up in the room to display the running national debt clock.</p><p>For her part, Waters complained that they had no budget with which to work so, one assumes, she doesn't feel knowing the current amount of national debt is of any importance to the financial committee. &nbsp;Why she would point out the failure of the Democrats to pass a budget over the last four years, (1400 days to be exact)&nbsp;<em>and</em> use it as an excuse to not get anything done goes beyond reasonable understanding.</p><p>As for Ellison, he believed the display of the national debt was "a political prop designed to message ideologically." &nbsp;Apparently facts and figures don't apply to the ideology of the Democrats. &nbsp;&nbsp;</p><p>If there was any question about how serious Democrats take handling the debt and decreasing spending, this little incident makes the answer clear. &nbsp;If they can't see the problem, it doesn't exist.</p></div></div></div>Wed, 27 Feb 2013 15:45:41 +0000breeanneh56064 at http://www.freedomworks.orghttp://www.freedomworks.org/content/debt-clock-democrats-out-sight-means-out-mind#commentsFreedomWorks Lauds Latest Effort to Repeal Unlawful Internet Gambling Enforcement Act (UIGEA)http://www.freedomworks.org/content/freedomworks-lauds-latest-effort-repeal-unlawful-internet-gambling-enforcement-act-uigea
<div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p>Washington, D.C.—In the wake of House Financial Services Committee Chairman Barney Frank’s (D, MA-4) announcement that he will reintroduce legislation to repeal the Unlawful Internet Gambling Enforcement Act (UIGEA), FreedomWorks is re-engaging its “Net Freedom Forever” campaign to provide grassroots support for this effort.</p> <p> </p> <p>UIGEA slaps the internet with unnecessary government regulation and oversight that limits innovation and growth. The act may have been intended to stop "unlawful internet gambling," but because it never actually spelled out what that meant, UIGEA ushered in unintended consequences that put the government in the role of “Big Brother” online. In particular, the act had the effect of turning online payment transaction companies into informants and enforcers for the federal government, raising privacy concerns as well as costs to consumers.</p> <p> </p> <p>Last year while UIGEA was still in the implementation phase, FreedomWorks launched NetFreedomForever.com; an online campaign that served as a call-to-arms for online gamers and those who support keeping the internet free from the heavy-hand of government. Thousands of activists signed the Net Freedom Forever petition and were mobilized to target both the Bush Administration and Members of Congress and urge them to abandon efforts to enact UIGEA.</p> <p> </p> <p>Now, as legislative momentum builds for UIGEA repeal in the current Congress, FreedomWorks will pivot the Net Freedom Forever campaign to target legislators and specifically key members of the House Financial Services Committee with emails, phone calls, and face-to-face grassroots pressure in support of this important legislation.</p> <p> </p> <p>FreedomWorks President Matt Kibbe commented: “Targeting online gambling may cater to certain political constituencies, but it is nothing more than a nanny-state façade for what has been the latest attempt by big government proponents to restrict the free and open internet. It is not often that FreedomWorks finds issues to work with Barney Frank on, but in this instance his efforts to repeal UIGEA strike a blow to backdoor government regulation of the internet and that fits hand in glove with our free market mission.”</p><p> </p><p class="MsoNormal">###</p></div></div></div><div class="field field-name-subtitle field-type-text field-label-hidden"><div class="field-items"><div class="field-item even">Free-market group will re-engage ‘Net Freedom Forever’ campaign to support UIGEA repeal</div></div></div>Wed, 18 Mar 2009 17:16:09 +0000abrandon48959 at http://www.freedomworks.org